The Real Cost of Driving: Why EVs Come Out Ahead

With gas prices hovering around $2.00 per litre, the cost of driving continues to rise across Canada. While fuel prices tend to get the most attention, they only tell part of the story. To understand what you’re really paying, it’s important to look at the Total Cost of Ownership (TCO) the full cost of owning and operating a vehicle over time.

What Is Total Cost of Ownership?

Total Cost of Ownership includes everything that goes into driving a vehicle, not just the purchase price.

This includes:

• Fuel or energy costs

• Maintenance & repairs

• Insurance & depreciation

When comparing gas vehicles to electric vehicles (EVs), this broader view reveals a clear difference in long-term value.

Energy Costs: Gas vs EV Charging

Fuel is often the most immediate and visible expense for drivers.

• Gas: ~$2.00 per litre

• EV Charging (HoneyBadger): $0.32 per kWh

EV drivers can see up to 70–80% savings on energy costs, along with more stable and predictable pricing (Data based off Tesla Y and comparable vehicles)

Long-Term Value

With lower energy and maintenance costs combined, EVs often become more cost-effective saving drivers thousands within just a few years.

The Bottom Line

Gas prices may keep rising, but your driving costs don’t have to.

EVs offer a more affordable, predictable way to drive.

Looking to add EV charging to your building?
Contact us at sales@badgercharging.ca or (236) 480-0827.